Metals Acquisition First Half 2024 Earnings: Revenues Beat Expectations, EPS Lags

Metals Acquisition (NYSE:MTAL) First Half 2024 Results

Key Financial Results

• Revenue: US$182.2m (up by US$163.6m from 1H 2023).
• Net loss: US$102.2m (loss widened by 217% from 1H 2023).
• US$1.56 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Metals Acquisition Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 33%. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Metals and Mining industry in the US.

Performance of the American Metals and Mining industry.

The company's shares are down 7.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Metals Acquisition that we have uncovered.

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